Lockheed Martin Employee Benefit: 401K Plan | Glassdoor

Lockheed Martin 401K Plan

Updated Jul 20, 2014

557 employees reported this benefit


Employer Summary

Lockheed Martin provides a 401(k) Savings Plan.

This information about the 401K Plan benefit at Lockheed Martin is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Lockheed Martin. The description here may not reflect the current Lockheed Martin 401K Plan benefit.

Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 120
  • Nov 06, 2017
    StarStarStarStarStar Current Employee in Sunnyvale, California

    Overall a fairly solid plan. The 401(k) plan is managed by Voya and has a handful of very good fund options such as passively-managed, low-cost index funds. There are also a larger number of rather high-fee funds that should be avoided. The big disappointment is that the Target Date Retirement Funds are excessively expensive (0.7% expense ratios) and the fund managers have no intention of reducing those fees despite requests to do so.

  • Nov 05, 2017
    StarStarStarStarStar Current Systems Engineer in Sunnyvale, California

    Ok compared with other companies. Match is good at 4% if you contribute 8% or over. Choices of investment are ok through Voya with self managed option through Ameritrade.

  • Nov 02, 2017
    StarStarStarStarStar Former Production Control in Chelmsford, Massachusetts

    LM matches your contribution 50% upnto a certain amount. This is a good benefit

  • Oct 24, 2017
    StarStarStarStarStar Former Senior Accountant in Lakeland, Florida

    10% 401k is well above market standard

  • Oct 18, 2017
    StarStarStarStarStar Current Subcontract Program Manager Associate in Liverpool, New York State

    For me as a 30 year employee, the company matches .50 on the dollar up to 8%. For newer employees that don't have a pension, I think it could be higher

  • Oct 13, 2017
    StarStarStarStarStar Current Engineer in Orlando, Florida

    Company Match is exceptional, to make up for pensions disappearing

  • Aug 07, 2017
    StarStarStarStarStar Current Employee in Sunnyvale, California

    Industry standard. $0.50/dollar matched up to 8%

  • Jul 26, 2017

    Decent company match and wide selection of investment options.

  • Jul 10, 2017
    StarStarStarStarStar Current Software Engineer in Owego, New York State

    decent 401k plan 50% up to 8% of your annual salary

  • Jul 06, 2017
    StarStarStarStarStar Current Electrical Engineer in Owego, New York State

    The vest part is they contribute 10% toward your 401k. I don't have any complaints about they 401k tool.

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